Legal & General Group Plc Sells Atmos Energy Corporation Shares

The institutional investor reduced its stake in the natural gas utility company.

Mar. 12, 2026 at 10:52am

Got story updates? Submit your updates here. ›

Legal & General Group Plc, an institutional investor, cut its position in Atmos Energy Corporation (NYSE:ATO) by 1.0% in the third quarter, according to the company's recent disclosure with the Securities and Exchange Commission (SEC). The investor now owns 1,578,888 shares of the utilities provider's stock, valued at $269,595,000 as of the latest SEC filing.

Why it matters

Institutional investors like Legal & General Group Plc play a significant role in the stock market, and changes in their holdings can impact the overall performance of a company's shares. This move by Legal & General Group Plc to reduce its stake in Atmos Energy may signal a shift in investor sentiment or a strategic portfolio adjustment.

The details

According to the SEC filing, Legal & General Group Plc sold 15,624 shares of Atmos Energy during the third quarter. The company now holds a 1.0% smaller position in the natural gas utility company. Atmos Energy's stock price has been trading in the range of $141.59 to $187.98 over the past 52 weeks, with a current market capitalization of $30.51 billion.

  • The share sale occurred in the third quarter of the year.
  • Atmos Energy paid a quarterly dividend of $1.00 per share on March 9, 2026, with a record date of February 23, 2026.

The players

Legal & General Group Plc

An institutional investor and one of the largest asset managers in the world, with over $1.4 trillion in assets under management.

Atmos Energy Corporation

A U.S.-based natural gas utility company that primarily focuses on the regulated distribution of natural gas to residential, commercial, industrial, and electric generation customers.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.